7.8% Stake of magicJack VocalTec Ltd (CALL) Owned by B. Riley Financial, Inc.
B. Riley Financial, Inc.
recently stated that they own 7.8% of magicJack VocalTec Ltd (NASDAQ:CALL) in a Schedule 13D disclosure that was filed with the Securities and Exchange Commission (SEC) on Wednesday, January 3rd. The investor owns 1,249,600 shares of the stock worth about $10,559,120. The reporting parties listed on the disclosure included B Riley FBR, Inc and B Riley Financial, Inc. The disclosure is available through the SEC website at this link.
magicJack VocalTec Ltd (NASDAQ CALL) opened at $8.45 on Wednesday. magicJack VocalTec Ltd has a 12 month low of $5.55 and a 12 month high of $8.90. The stock has a market cap of $136.37, a price-to-earnings ratio of -5.75 and a beta of 0.64.
Separately, ValuEngine cut shares of magicJack VocalTec from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st.
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magicJack VocalTec Company Profile
magicJack VocalTec Ltd. and its subsidiaries is a cloud communications company. The Company provides magicJack devices and other magicJack products and services. The Company also provides additional products and services, which include voice applications on smart phones, as well as the magicJack PLUS, magicJack GO and magicJack EXPRESS, which are updated versions of the magicJack device that have their own central processing unit (CPU) and can connect a regular phone directly to the users broadband modem/router and function as a standalone phone without using a computer.
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